Is Bucks County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bucks County has remained a Seller's Market.
Key Takeaway
Bucks County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bucks County, PA
How much do homes in Bucks County, PA cost?
Median Sold Price
$460,009
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bucks County have sold for 3% more than they did a year ago.
Summary: The median home sold price in Bucks County was $460,009 in April 2024, up 3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238.5K | $250.1K | +4.9% |
| 2 Bedrooms | $309.5K | $353.7K | +14.3% |
| 3 Bedrooms | $399.9K | $424.6K | +6.2% |
| 4 Bedrooms | $563.1K | $582.2K | +3.4% |
| 5+ Bedrooms | $710K | $725.4K | +2.2% |
Summary: Bucks County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Counties
| Northampton County | $300K | $325.3K | +8.4% |
| Mercer County | $379.2K | $409.5K | +8.0% |
| Hunterdon County | $505.7K | $529K | +4.6% |
| Bucks County | $446.5K | $460K | +3.0% |
| Philadelphia County | $269.7K | $258.6K | -4.1% |
Housing Supply in Bucks County, PA
How many homes are available in Bucks County, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,285 | 1,480 | +15.2% |
Summary: The Bucks County real estate market had 1,480 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 23 | +76.9% |
| 2 Bedrooms | 148 | 164 | +10.8% |
| 3 Bedrooms | 527 | 580 | +10.1% |
| 4 Bedrooms | 442 | 534 | +20.8% |
| 5+ Bedrooms | 155 | 179 | +15.5% |
Summary: The Bucks County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 76.9%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 15.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 364 | 340 | -6.6% |
Asking Price vs. Sold Price
92 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
172 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bucks County, you could pay more than the asking price. 50.6% of homes here sold above asking price last month.
Summary: A total of 340 homes were sold or pending in Bucks County in April 2024, down by 6.6% month-over-month. Of the 340 sold homes, 27% were sold under asking, 22% were sold at asking, and 51% were sold over asking.
Days on Market for Bucks County, PA
How long does it take to sell a home in Bucks County, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 16 Days | -29.9% |
Summary: Homes in Bucks County had an average of 16 days on market in Apr 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
298 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bucks County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 340 homes were sold in Bucks County; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
